Early trading on the 29th saw strength in computing power leasing, combined with a rebound in optical modules, pushing the ChiNext artificial intelligence sector into positive territory. Among the gainers, Ofly Tech led with an increase of over 10%, while Scienjoy and GDS Holdings rose more than 6%. Zhongji Innolight rebounded over 2%, with Eoptolink and TFC Optical Communication also turning positive.
In the ETF space, the leading ChiNext AI ETF Huabao (159363) by size and liquidity rose over 1% during the session, with cumulative inflows reaching 600 million yuan over the past four days.
Regarding computing power leasing, Tencent Cloud has announced another price increase. According to a Tencent Cloud website notice dated April 28, new pricing for CodeBuddy and WorkBuddy products will take effect from May 15, 2026. The Enterprise Flagship edition price will increase from 78 yuan per person per month to 198 yuan, a rise of approximately 154%. The Enterprise Exclusive edition price will rise from 158 yuan to 316 yuan per person per month, a 100% increase. This marks the third price hike announcement from Tencent Cloud this year.
In the optical module sector, AI computing power is driving a collective surge in first-quarter earnings reports. Leading optical module manufacturer Zhongji Innolight reported a 262% year-on-year increase in net profit, while TFC Optical Communication saw a 46% rise and Eoptolink a 77% increase for the first quarter. The substantial earnings growth among optical module leaders confirms that the AI computing power chain is translating expectations into tangible financial performance, creating a consensus resonance around the industry's high growth trajectory.
Guosheng Securities indicated that the optical communication industry is in a super cycle driven by AI computing power. Leading companies with advantages in global delivery capabilities, technological platform development, forward-looking supply chain agreements, and strong financials are expected to continue benefiting from the long-term growth opportunities brought by AI, with the trend of stronger players dominating the market likely to persist.
For a consolidated investment approach targeting leading CPO optical module opportunities, focus on the premier ChiNext AI ETF Huabao (159363) and its feeder funds (Class A 023407, Class C 023408). The underlying index allocates approximately 70% to computing power (including leading optical module/CPO companies) and about 30% to AI applications, representing not just the core of computing power but also key AI application players.
Data source: Shanghai and Shenzhen Stock Exchanges, etc.
Note: As of April 24, 2026, the ChiNext AI ETF Huabao had a net asset value of 6.891 billion yuan, with a six-month average daily turnover exceeding 700 million yuan. It ranks first in both size and trading volume among the 26 ETFs tracking the ChiNext AI Index, STAR AI Index, and STAR Market & ChiNext AI Index.
ETF fee information: Subscription and redemption agents may charge a commission of up to 0.5% when investors subscribe for or redeem fund shares. On-market trading fees are subject to the rates charged by securities firms, with no sales service fee applied.
Feeder fund fee information: The ChiNext AI ETF Feeder Fund Class C charges no subscription fee. A redemption fee of 1.5% applies for holdings under 7 days, and 0% for 7 days or more. A sales service fee of 0.3% is charged. The ChiNext AI ETF Feeder Fund Class A charges a subscription fee of 1% for investments below 1 million yuan, 0.6% for 1-2 million yuan, and a flat 1,000 yuan per transaction for 2 million yuan or above. The redemption fee is 1.5% for holdings under 7 days and 0% for 7 days or more. No sales service fee is charged.
Risk disclosure: The ChiNext AI ETF Huabao passively tracks the ChiNext Artificial Intelligence Index, which has a base date of December 28, 2018, and was launched on July 11, 2024. The index's annual performance from 2021 to 2025 was +17.57%, -34.52%, +47.83%, +38.44%, and +106.35%, respectively. Index constituents are adjusted according to the index methodology, and past index performance does not guarantee future results. The mention of specific stocks is for illustrative purposes only and does not constitute investment advice or indicate the holdings or trading intentions of the fund manager. The fund manager assesses this fund's risk level as R4 (Medium-High Risk), suitable for Aggressive (C4) or higher risk-profile investors. Suitability assessments should be confirmed with the selling institution. All information presented is for reference only, and investors are responsible for their own investment decisions. Furthermore, no views, analysis, or forecasts constitute investment advice to readers, and no liability is accepted for any direct or indirect losses resulting from the use of this content. Fund investments carry risks; past performance does not indicate future results, and the performance of other funds managed by the fund manager does not guarantee this fund's future performance. Invest with caution.
The MACD golden cross signal has formed, indicating positive momentum for these stocks.
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